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Rural Home Loan
Having a home is a lifetime investment and should remain a priority
Having a home is a lifetime investment and should remain a priority, especially if you are renting residential premises. Nedbank Swaziland will ensure that you build your home even in the rural areas (on Swazi Nation Land) through its Rural Home Loan offering.
The basics
Your Nedbank Rural Home Loan offers the finance you need to build your Home in the rural areas. Over and above building, you can even use it to renovate and or finish your already existing home in the rural areas.
Our loan terms are negotiable for up to 10 years, and the interest rate you pay is market-related and always competitive. As a general rule, your monthly repayment may not exceed 35% of your gross monthly cash income, with joint income considered where appropriate. The bank will finance you not more than 60% of your accumulated withdrawal pension.
We finance the following:
- Building of a new House in the rural areas.
- Renovations of an already existing house.
- Finishing off an already existing house.
To see if you qualify, simply provide us with the following:
- Valid Swazi identity document
- Current pay advice/payslip
- Confirmation of employment
- Letter from Chief (confirming land)
- Guarantee letter from Treasury (if you are a civil servant)
- Quotations – Cost of Building
- Pension statement
*The Nedbank Rural Home Loan only applies to employees of companies or organisations that have the Rural Home Loan Scheme with the bank, including government.
Contact your nearest branch and speak to our Schemes specialists for more information, or call 2408 1000.